Regulation 103 Article 95 (own funds requirements for investment first with limited authorisation to provide investment services)

Article 95 (own funds requirements for investment firms with limited authorisation to provide investment services) is amended as follows.

In paragraph 1, for “points (3) and (6) of Section A of Annex I to Directive 2004/39/EC” substitute “paragraphs 3 and 6 of Part 3 of Schedule 2 to the Regulated Activities Order”.

In paragraph 2, for “points (2) and (4) of Section A of Annex I to Directive 2004/39/EC”, in each place it occurs, substitute “paragraphs 2 and 4 of Part 3 of Schedule 2 to the Regulated Activities Order”.

In paragraph 3, for “laid down in” to the end substitute “provided in rules 2.2.32 and 2.2.33 of the FCA’s Prudential sourcebook for Investment Firms”.